According to IIA guidance, which of the following strategies would add the least value to the achievement of the internal audit activity's (IAA's) objectives?
Answer(s): A
According to IIA guidance, which of the following statements best justifies a chief audit executive's request for external consultants to complement internal audit activity (IAA) resources?
Answer(s): B
The chief audit executive (CAE) of a small internal audit activity (IAA) plans to test conformance with the Standards through a quality assurance review. According to the Standards, which of the following are acceptable practice for this review?1. Use an external service provider.2. Conduct a self-assessment with independent validation.3. Arrange for a review by qualified employees outside of the IAA.4. Arrange for reciprocal peer review with another CAE.
A large investment organization hired a chief risk officer (CRO) to be responsible for the organization's risk management processes. Which of the following people should prioritize risks to be used for the audit plan?
Answer(s): C
Post your Comments and Discuss IIA IIA-ACCA exam with other Community members:
Flyn Commented on March 19, 2025 This exam is very very difficult. Thanks for these question dumps. Anonymous
Zormelo-Ghana Commented on March 19, 2025 QUESTION 5 ANSWER: "Human resources personnel add employees and enter employee bank information. Payroll personnel process hours, and paychecks are automatically deposited in the employee's bank account." Why? Separation of employee setup and payroll processing HR adds employees and enters their bank details, preventing payroll from creating ghost employees. Payroll personnel only process hours and do not control employee addition or banking details. Anonymous
Jeelzs Commented on January 11, 2025 Awesome indeed Anonymous
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